Toronto-based Pure Energies Inc., which facilitates the adoption by homeowners of solar energy and home conservation products, has received $6 million in equity financing from U.S. venture capital firms New Enterprise Associates (NEA) and NGEN Partners. The company's website confirms the deal was done in March 2013. In 2012, Pure Energies acquired San Francisco solar advisor One Block Off the Grid, which was previously backed by NEA, while earlier this year, the company acquired Seattle-based Cooler Planet.
3 min read · 06 May 2013
Toronto-based theScore Inc., which is focused on providing a full digital service to sports fans across all major mobile platforms, confirmed the closing of its previously-announced $16 million financing. The deal, led by Canadian venture capital firm Relay Ventures, included theScore's existing investors Levfam Holdings Ltd. and Rogers Media Inc. The company will use investment proceeds to accelerate the development and marketing of its mobile sports apps. Relay managing partner John Albright joined theScore's board of directors.
5 min read · 06 May 2013
Mississauga, Ontario-based hockey equipment manufacturer Bauer Performance Sports Ltd. completed its acquisition of substantially all of the assets of Combat Sports Group, an Ottawa-based designer of composite baseball and softball bats, hockey sticks and lacrosse shafts. The purchase price was approximately $4 million. Bauer has been backed by U.S. private equity firm Kohlberg & Co. and Roustan Capital since 2006.
4 min read · 06 May 2013
Toronto-based SIM Digital Inc., a company specializing in digital production equipment and workflow services for the motion picture and television industry, has acquired PS Production Services Ltd., a lighting, grip, generator, digital camera, and dolly equipment rental business with offices in Vancouver, Toronto and Halifax. The deal, the financial details of which were not published, was financed by Canadian private equity firm Granite Partners. Integration between the two companies will begin immediately, SIM confirmed.
4 min read · 06 May 2013
Halifax, Nova-Scotia-based 2nd Act Innovations Inc., which operates the enterprise software product Oris4, a cloud content management system, has hired Keith Abriel as the company's chief financial officer. Mr. Abriel's experience includes working with DHX Media Ltd., which was acquired by Cookie Jar Entertainment Inc. in 2012, and other Halifax start-ups. 2nd Act is backed by Canadian venture capital firms GrowthWorks and Innovacorp, which seeded the company last year.
3 min read · 06 May 2013
Toronto-based Hydrostor Inc. has obtained a first-time venture capital financing round from MaRS Cleantech Fund, the amount of which was undisclosed. The company is the developer of technology to convert surplus electrical energy to underwater compressed air and store it for use at peak times. The MaRS Cleantech Fund, formed in 2012 and affiliated with MaRS Discovery District, invests in early-stage clean technology companies.
4 min read · 06 May 2013
1 min read · 06 May 2013
In the land of private equity, firms often step on one another when looking for deals. But Bonnefield Financial has managed to find a fertile patch of soil where few others have trodden.
4 min read · 06 May 2013
2 min read · 06 May 2013
1 min read · 06 May 2013
